Bullish vs. Bearish (25 opinions)
Social Sentiment 0.18
AMZN Forecast and Technical Stock Analysis
Hold candidate since 2019-08-15 Gain 2.25%
Amazon.com gained 1.31% in the last trading day ( Monday, 19th Aug 2019 ), rising from $1 792.57 to $1 816.12 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 0.74% from a day low at $1 812.61 to a day high of $1 826.00. The price has risen in 7 of the last 10 days and is up by 2.89% over the past 2 weeks. Volume fell in the last day by -0.25 million shares and in total, 2.77 million shares bought and sold for approximately $5 033.24 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the AMZN stock price was $2 001.30 and low was $1 748.78.
- 90 day high was $2 035.80 and low was $1 672.00.
- 52 week high for Amazon.com - $2 050.50 and low - $1 307.00.
Amazon.com is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amazon.com with a 90% probability to be traded between $1 758.64 and $2 075.28 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Amazon.com holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $1 904.90. On a fall, the stock will find some support from the short-term average at $1 794.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 40 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Amazon.com finds support from accumulated volume at $1 765.13.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $13.39 between high and low, or 0.74%. For the last week, the stock has had a daily average volatility of 1.67%.
Our recommended stop-loss: $1 721.79 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
1.67 %Average volatility
Very Low Low Medium High Very High
|AMZN $1 816.12 ($23.55 1.31%)|
AMZN is up $23.55 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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